T-Mobile US, Inc. $TMUS Holdings Lowered by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB cut its T-Mobile US stake by 43.4% in the third quarter, selling 6,573 shares and retaining 8,565 shares valued at approximately $1.4 million. Institutional investors collectively own 42.49% of the company.
• T-Mobile reported quarterly EPS of $2.99, beating estimates of $2.59, while revenue rose 7.9% year over year to $22.79 billion. The company also raised its quarterly dividend from $1.02 to $1.17 per share, implying a 2.8% annual yield.
• Despite the stock trading near its one-year low at $164.64, analysts maintain a consensus “Moderate Buy” rating with an average price target of $247.84.

MassMutual Private Wealth & Trust FSB lessened its stake in T-Mobile US, Inc. (NASDAQ:TMUS - Free Report) by 43.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,565 shares of the Wireless communications provider's stock after selling 6,573 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in T-Mobile US were worth $1,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in TMUS. BlackRock Inc. acquired a new stake in shares of T-Mobile US in the second quarter valued at approximately $6,625,275,000. State Street Corp increased its holdings in shares of T-Mobile US by 4.3% in the 4th quarter. State Street Corp now owns 25,281,709 shares of the Wireless communications provider's stock valued at $5,133,198,000 after acquiring an additional 1,047,624 shares during the period. Invesco Ltd. increased its holdings in shares of T-Mobile US by 10.5% in the 4th quarter. Invesco Ltd. now owns 8,730,485 shares of the Wireless communications provider's stock valued at $1,772,638,000 after acquiring an additional 827,381 shares during the period. Franklin Resources Inc. boosted its stake in T-Mobile US by 3.6% during the 4th quarter. Franklin Resources Inc. now owns 6,395,890 shares of the Wireless communications provider's stock worth $1,298,622,000 after purchasing an additional 222,603 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in T-Mobile US by 13.3% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 4,958,610 shares of the Wireless communications provider's stock worth $1,006,796,000 after purchasing an additional 582,964 shares during the period. Hedge funds and other institutional investors own 42.49% of the company's stock.

T-Mobile US Stock Performance

NASDAQ:TMUS opened at $164.64 on Tuesday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.92 and a quick ratio of 0.83. The firm has a market cap of $176.60 billion, a price-to-earnings ratio of 17.24, a price-to-earnings-growth ratio of 1.03 and a beta of 0.33. The firm's fifty day moving average price is $176.15 and its 200 day moving average price is $185.41. T-Mobile US, Inc. has a 1-year low of $160.81 and a 1-year high of $231.02.

T-Mobile US (NASDAQ:TMUS - Get Free Report) last announced its quarterly earnings data on Thursday, July 23rd. The Wireless communications provider reported $2.99 EPS for the quarter, topping analysts' consensus estimates of $2.59 by $0.40. The company had revenue of $22.79 billion during the quarter, compared to the consensus estimate of $22.95 billion. T-Mobile US had a net margin of 11.45% and a return on equity of 20.16%. T-Mobile US's quarterly revenue was up 7.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.84 EPS. On average, sell-side analysts expect that T-Mobile US, Inc. will post 11.02 EPS for the current year.

T-Mobile US Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Wednesday, November 25th will be issued a dividend of $1.17 per share. This is an increase from T-Mobile US's previous quarterly dividend of $1.02. This represents a $4.68 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, November 25th. T-Mobile US's dividend payout ratio is currently 49.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on TMUS shares. Morgan Stanley dropped their price objective on shares of T-Mobile US from $260.00 to $230.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 7th. Wells Fargo & Company decreased their target price on shares of T-Mobile US from $170.00 to $169.00 and set an "equal weight" rating for the company in a research note on Friday, July 24th. Weiss Ratings reiterated a "hold (c)" rating on shares of T-Mobile US in a research note on Friday, September 11th. Moffett Nathanson raised their price target on T-Mobile US from $242.00 to $246.00 and gave the stock a "buy" rating in a report on Tuesday, September 22nd. Finally, The Goldman Sachs Group dropped their price target on T-Mobile US from $230.00 to $211.00 and set a "buy" rating on the stock in a research report on Friday, September 25th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $247.84.

Insider Buying and Selling

In other T-Mobile US news, CAO Daniel James Drobac sold 772 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $178.33, for a total transaction of $137,670.76. Following the transaction, the chief accounting officer owned 35,118 shares in the company, valued at approximately $6,262,592.94. The trade was a 2.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.32% of the stock is currently owned by insiders.

T-Mobile US Profile

T-Mobile US, Inc is a wireless communications company that provides mobile voice, messaging, and data services to consumers, businesses, and government customers in the United States. Its offerings include wireless plans, smartphones, connected devices, accessories, and related services, supported by a nationwide cellular network.

The company also provides fixed wireless broadband and other internet services for households, as well as wireless connectivity, networking, and communications solutions for businesses and public-sector organizations.

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